Binary.com Daily Market Report (06th July)
July 6, 2016 8:00 amVideo
Latest News
- Trading Signals for GOLD (XAU/USD) for April 15-17, 2024: buy above $2,328 (200 EMA – 5/8 Murray) April 15, 2024
- Video market update for April 15, 2024 April 15, 2024
- Trading Signals for GBP/USD for April 15-17, 2024: buy above 1.2450 (21 SMA – 0/8 Murray) April 15, 2024
- The dollar has not reached its potential April 15, 2024
- Analysis of GBP/USD. April 15th. Retail sales in the USA allow the dollar to continue rising April 15, 2024
- China’s Q1 GDP growth next on the Asian calendar – Preview April 15, 2024
- Technical Analysis – Goldman Sachs stock gains on strong earnings April 15, 2024
- Trading Signals for ETH/USD (Ethereum) for April 15-17, 2024: buy above $3,125 (200 EMA – 2/8 Murray) April 15, 2024
- Analysis for EUR/USD on April 15th. Monday – a tough day for the euro April 15, 2024
- GBP/USD: trading plan for the US session on April 15th (analysis of morning deals) April 15, 2024
- EUR/USD: trading plan for the US session on April 15th (analysis of morning deals). Euro is at an impasse April 15, 2024
- GBP/USD: Will sterling hold steady against dollar? April 15, 2024
- Technical Analysis – USDJPY rallies to another fresh 34-year high April 15, 2024
- Will Netflix earnings take the share price closer to its record highs? – Stock Markets April 15, 2024
- EUR/USD. April 15th. Bulls panic and retreat from the market April 15, 2024
- GBP/USD. April 15th. The dollar gains confidence April 15, 2024
- Weekly forecast based on simplified wave analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, AUD/JPY, and the US Dollar Index April 15, 2024
- XM’s Heartfelt Ramadan Iftar Support April 15, 2024
- Weekly forecast based on simplified wave analysis of EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on April 15th April 15, 2024
- Technical Analysis – US 500 reverses towards 123.6% Fibonacci April 15, 2024
Carney Triggers Carnage
Morning Report: 07.00 London
• This morning, the pound remains low after hitting a 31-day low against the US dollar yesterday. The main catalyst was a speech by Mark Carney who warned that the risks of Brexit were beginning to crystallise. He pointed to adjustments in commercial real estate as investors take fright and rush to pull funds out of illiquid property funds. Perhaps the great catalyst was the prospect of further monetary easing and imminent rate cuts.
• The risk-off sentiment has spread across world markets, with the US dollar pushing higher and yen pairs slumping lower.
• The Australian dollar shared the risk-off pressure, not helped by the ongoing political uncertainty.
Coming up today:
• Coming up today we have ECB president Draghi speaking at 09.00.
• This is followed by Canadian and US trade balance.
• Then we get ISM non-manufacturing PMI at 15.00.
• The main highlight is the release of FOMC meeting minutes at 19.00.
Trade Idea:
• The GBP/JPY has been selling off heavily, but with contagion spreading, now is not the time to be looking for bargains – keep selling.
A good way to play this is a LOWER trade predicting that the GBP/JPY will close below 129 in 30 days for a potential return of 147%.
Disclaimer: This financial market report is intended for educational and information purposes only. It should not be construed as investment or financial advice and you should not rely on any of its content to make or refrain from making any investment decisions. The views expressed in this report are those of the author and do not necessarily reflect the views or position of Binary.com accepts no liability whatsoever for any losses incurred by users in their trading. Binary options trading may incur losses as well as gains.
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